Sports yachts are used for marine tourism, sports tournaments, other recreational activities such as cruising & fishing and other water sports activities. The processes involved in manufacturing yachts have also undergone drastic changes over the last few years. All interactions are confidential. This is also a prominent factor augmenting the growth of the up to 20 ft segment. Recreational Boating Marketsize exceeded USD 43 billion in 2019 and is poised to grow at a CAGR of over 5% between 2020 and 2026. More significantly, cruise industry … The manufacturers are focusing on including luxury features for offering improved performance characteristics and customer experience. The global yacht market is expected to grow at a compound annual growth rate of 5.6% from 2019 to 2025 to reach USD 9.0 billion by 2025. b. Europe dominated the yacht market with a share of 35.3% in 2019. The key vendors that provide yachts on a rental basis include Sailogy S.A.; Boatbound Inc.; The Moorings; Fun2 Rent; and Incrediblue Limited. The market is expected to witness significant growth in Europe over the forecast period. Furthermore, in North America and Europe, the emerging trend of using renewable energy such as solar energy and wind energy in sea vessels is most likely to play an important role in reducing fuel usage and emissions from ships. The segment growth can be attributed to the high demand for a sports yacht in countries such as China and France. It is expected to continue to dominate the segment over the forecast period. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. With a length of 142.8 meters, Nobiskrug's (German Naval Yards Holdings) Sailing Yacht A was ranked as the world's largest sailing yacht in February 2019. Addition or alteration to country, regional & segment scope. The Latest Reports with Statistics & Trends from Top Industry Sources. 2013 Sailing Industry Study. Privacy Policy. Increasing economic conditions and rising popularity of coastal and marine tourism across the globe will drive the market revenue. However, the share of some of the European countries is anticipated to increase gradually as they recover from the economic slowdown. David Anthony,an attorney in Nashville, Tennessee, dreamed of owning a boat for years. We also offer insight and analysis from the superyacht industry's leading names. Discover Sailing is a national program run by Sail America, the trade association for the U.S. sailing industry, that introduces new people to sailing and provides reliable, unbiased information about how to get started in sailing. Find industry analysis, statistics, trends, data and forecasts on Recreational Boat & Yacht Building in the UK from IBISWorld. March 17, 2016. b. Design an exclusive study to serve your research needs. The demand for commercial vehicles is expected to plummet with the shutdown of all non-essential services. online dashboard trial. RYA Statistics Membership. Sailing Industry 2020. Related: 2016 Sailing Industry Report. The demand for a yacht in major markets such as Europe and North America was observed to be declining during the economic slowdown. h�b```�9��@��(��������qj�ă�;Ӏ�,���D�R��$�0w4�v440v4p ��b`�R+�"`#����d2$�\����X}8/���y��������q��g�������4#���Hs30�H�ݩ��d� Q�� ` ð!| "The industry is absolutely on fire." The report includes charter industry data, sailboat brokerage data, and marketing intel for the sailboat industry. Trade Statistics Statistics regarding the volume of cargo transported are compiled by individual governments, the United Nations and a number of private enterprises. We stand by our report quality. The rising cost of sailing yacht construction is significantly contributing to the shrinking new-build market, top industry figures have said. Conducted by Sailing World and Cruising World. Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period. Even as … 2013 Sailing Industry Study . We never share your personal data. Reportlinker.com offers immediate download access to top market reports on the Sailing Industry. Annual U.S. sales of boats, marine products and services are estimated to total $42 billion in 2019. The 20 to 50 ft segment dominated the market in 2018. 0 The annual report from the Sailing Company—publisher of Sailing World and Cruising World— includes studies on the bareboat charter industry, North American import sailboats, and North American sailing industries. The global leisure boat market size was valued at USD 39.75 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2020 to 2027. Furthermore, increasing demand for recreational tournaments and growing affinity for outdoor recreational activities are expected to drive the segment growth. sailing statistics. The demand for yachts has gradually increased over the last few years owing to the increase in disposable income of individuals and their inclination toward leisure or recreational activities. Statistics relevant for the analysis of international trade can be obtained from the United … 1105 0 obj <>/Filter/FlateDecode/ID[<54BB946F4449984E8910340511F0CFF4>]/Index[1084 42]/Info 1083 0 R/Length 93/Prev 146781/Root 1085 0 R/Size 1126/Type/XRef/W[1 2 1]>>stream The latest yachting intelligence tools and data about the yacht industry statistics within a digital and a paper format to stay on top of the industry. Marketing data summarizes interesting demographic statistics as well as psychographic information about sailors. In order to gain a higher market share, the key market incumbents are undertaking initiatives and adopting strategies such as entering into partnerships, making investments, engaging in mergers & acquisitions, launching new products and services, and maintaining competitive prices for their products and services. 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